Gains on equity markets in Toronto registered in the triple digits again Wednesday, as industrials and tech stocks went on something of a tear.
The S&P/TSX Composite hiked 113.72 points to close Wednesday at 15,516.75
The Canadian dollar leaped 0.77 cents to 75.17 cents U.S.
Industrials proved the kingmakers Wednesday, with Bombardier the king of them all, leaping 13 cents, or 5.7%, to $2.41, and Chorus Aviation triumphing six cents to $7.33.
In the consumer discretionary sector, Ritchie Bros. Auctioneers gained seven cents to $45.77.
Among techs, BlackBerry progressed 14 cents, or $1.50, to $9.47, while Constellation Software picked up $6.25, or 1%, to $611.91.
Gold stocks finished in the red, primarily Barrick Gold, down 23 cents, or 1%, to $21.81.
ON BAYSTREET
The TSX Venture Exchange popped 6.77 points to 780.54
All but three of the 12 TSX subgroups were higher, with industrials climbing 1.5%, while consumer discretionary and information technology stocks jumped 1.1% each.
The three laggards were health-care, failing 1.3%, gold, down 0.2%, and consumer staples, sliding 0.04%.
ON WALLSTREET
U.S. stocks closed higher on Wednesday, with consumer discretionary and materials leading, as investors digested the Federal Reserve's December meeting minutes.
The Dow Jones Industrials gained 60.40 points to 19,942.16, with Nike leading advancers and Johnson & Johnson the biggest decliner, putting the index within 100 points of 20,000.
The S&P 500 picked up 12.92 points to 2,270.75, with consumer discretionary and material stocks rising more than 1%.
The NASDAQ composite index grew 47.92 points to 5,477
Fiat Chrysler, Ford Motor and General Motors all reported better-than-expected auto sales for December, sending their stocks higher.
The minutes showed the central bank is concerned about a strengthening, and that more fiscal stimulus could raise demand above sustainable levels. Investors were looking for clues about what the central bank thought of President-elect Donald Trump's proposed fiscal policy measures.
The Fed raised rates at its last meeting for just the second time in a decade and forecast three rate hikes for 2017.
In other economic news, mortgage applications tanked 12% for last week, from two weeks earlier as rising interest rates weighed.
Prices for the benchmark 10-year Treasury note regained lost strength, lowering yields to Tuesday’s 2.44%. Treasury prices and yields move in opposite directions.
Oil prices added 71 cents to $53.04 U.S. a barrel
Gold prices moved higher $2.20 to $1,164.20 U.S. an ounce.
